The Germany Africa Business Forum (GABF) is partnering with private partners from the energy sector to launch a multi-million Euro funding investment for Africa-focused German startups. This investment will be the first intra-regional initiative. The funding will focus on German startups with African energy exposure.
GABF was founded in 2017 as a ‘private for privates’ company. The platform encourages German investors to consider Africa as a reliable, profitable and important investment market. It connects Africa’s leading executives with German companies, top investors and ground-breaking innovators in a bid to enact change.
See also: B2B Agri-Tech Startup Taimba secures $100,00 Funding from Gray Matters Capital
Sebastian Wagner, co-founder of the GABF said their primary goal is to support the investment in German companies of which the funding allocations will commence by the end of 2019. He said they will leverage German technology and innovation to solve Africa’s energy challenge.
NJ Ayuk, a pan-African energy dealmaker, CEO of Centurion Law Group and Executive Chairman of the African Energy Chamber said, “The future of Africa’s energy industry will depend on technology and innovation. When German start-ups and Africans work together, we can build something unique for both our peoples.”
GABF leverages series of initiatives to connect African business and political leaders with Germany’s leading innovators. This is in a bid to develop investment concepts that will shape the German and African business ties and economic thought.
Interested companies may contact GABF here
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